diff --git a/arrow/Cargo.toml b/arrow/Cargo.toml
index a0fd96415a1..39034c274fd 100644
--- a/arrow/Cargo.toml
+++ b/arrow/Cargo.toml
@@ -54,7 +54,7 @@ arrow-select = { workspace = true }
 arrow-string = { workspace = true }
 
 rand = { version = "0.8", default-features = false, features = ["std", "std_rng"], optional = true }
-pyo3 = { version = "0.22.2", default-features = false, optional = true }
+pyo3 = { version = "0.23.1", default-features = false, optional = true }
 
 chrono = { workspace = true, optional = true }